Coimbatore, April 23 (IANS) The industrial town of Tirupur in Tamil Nadu is witnessing the growing political influence of migrant workers, who are likely to play a decisive role in the Assembly elections as a sizeable and increasingly assertive voter base. Drawn by employment opportunities in the textile sector, workers from states such as Bihar, Uttar Pradesh, and Jharkhand have settled in large numbers in Tirupur over the years, gradually becoming an integral part of the local electorate. Thei…
Latest Textile Sector News & Updates
Tiruppur, April 14 (IANS) Tamilaga Vettri Kazhagam (TVK) President Vijay, on Tuesday, outlined a series of ambitious welfare measures targeting weavers, farmers, MSMEs and government employees during an election campaign rally in Tiruppur, a key textile hub in western Tamil Nadu. Addressing the gathering, Vijay greeted the people of the Kongu region and announced that his party would release its full election manifesto in book form on April 16. Ahead of that, the TVK Chief chose to highlight sel…
New Delhi, April 10 (IANS) The government has approved 52 new applications under Round III of the Production-Linked Incentive Scheme for Textiles, which are expected to attract an investment of Rs 6,708 crore. While five of these applications are for man‑made fibre apparel, 19 are for man‑made fibre fabrics, 18 for technical textiles, and 10 for the multiple segment, according to a statement issued by the Ministry of Textiles on Friday.The investment in these textile manufacturing uni…
New Delhi, April 5 (IANS) The European Union, through its Generalised Scheme of Preferences Plus (GSP+), granted Pakistan duty-free access to its lucrative markets in January 2014 in exchange for its commitment to uphold international human rights, labour, environmental and governance standards.However, Pakistan’s garment factories are brazenly violating the promise by exploiting workers’ rights and barring the formation of labour unions which prevents them from even raising these issues wit…
New Delhi, March 11 (IANS) Union Minister of Textiles Giriraj Singh on Wednesday said that India must move towards higher-scale and higher-value manufacturing and expand year-round garment production to strengthen its global presence in the textile sector.Addressing an industry interaction organised by the Confederation of Indian Industry in New Delhi, the minister said India aims to expand its textile economy to $350 billion and exports to $100 billion by 2030-31.Singh also said India’s share…
Coimbatore, March 9 (IANS) The ongoing conflict in West Asia and the disruption of maritime traffic through the Strait of Hormuz have begun to impact India’s textile sector, with polyester fibre prices rising sharply in the past week. According to industry representatives, the price of polyester fibre has increased by Rs 12 per kilogram, creating fresh concerns for textile manufacturers and exporters. The Strait of Hormuz is one of the world’s most crucial maritime corridors for the transpor…
New Delhi, March 2 (IANS) The recently concluded free trade agreement between India and the European Union is creating concern in Pakistan, where industry leaders fear it could hurt the country’s textile sector and threaten millions of jobs, a report has said.The India-EU Free Trade Agreement was announced on January 27 after negotiations concluded between New Delhi and the European Union.The deal is now under legal review before it is formally signed and is expected to come into effect next y…
Ahmedabad/Rajkot, Feb 3 (IANS) The recent trade deal between India and the United States has contributed to improved sentiment in domestic equity markets and renewed optimism among exporters, particularly in Gujarat, market experts and industry representatives said on Tuesday. The agreement comes amid ongoing efforts by both countries to ease trade frictions, rationalise tariffs and strengthen bilateral economic ties across key sectors.In Ahmedabad, share market expert Jitendra Vyas said t…
Patna, Feb 1 (IANS) Union MSME Minister Jitan Ram Manjhi on Sunday described the Union Budget as development-oriented and fully aligned with the vision of Viksit Bharat by 2047. Congratulating Union Finance Minister Sirmala Sitharaman, Manjhi thanked her for presenting a budget that prioritises growth, employment, and entrepreneurship.He also expressed gratitude to Prime Minister Narendra Modi, stating that the budget reflects the Prime Minister’s visionary leadership towards building a develo…
Amaravati, Feb 1 (IANS) Andhra Pradesh Chief Minister Chandrababu Naidu has welcomed the Union Budget, terming it ‘well-balanced’ and ‘forward-looking’. He said that the Budget 2026-27, presented by Union Finance Minister Nirmala Sitharaman in the Parliament, reflects the aspirations of people for a fast-growing economy.Chandrababu Naidu, whose Telugu Desam Party (TDP) is a key partner in the BJP-led NDA government at the Centre, congratulated Prime Minister Narendra Modi and Finance Min…